Personal Property

Description

From the Wikipedia, Personal versus private property:

"In political/economic theory, notably socialist (including anarcho-socialist) philosophies, the distinction between private and personal property is extremely important.

• Personal property is part of your person and includes property from which you have the right to exclude others (e.g., televisions, cars, clothes, etc.)

• Private property is a social relationship, not a relationship between person and thing according to Marx (e.g., factories, mines, dams, infrastructure, etc.). In capitalism, feudalism, and slavery there is no distinction between personal and private property.

• To many socialists, the term private property refers to capital or the means of production, while personal property refers to consumer and non-capital goods and services."

(http://en.wikipedia.org/wiki/Personal_property)

Discussion

From the Wikipedia,

Personal property versus the means of production

"In political and economic theory, the distinction between private property in personal goods and private property in the means of production is important.

In general, personal property is part of your person and includes property from which you have the right to exclude others.

From the socialist perspective, private property refers to capital or means of production that is owned by a business or few individuals and operated for their profit. Personal property refers to tangible items and possessions individuals own, such as consumer goods.

From the Marxist perspective, private property is a social relationship, not a relationship between person and thing. In capitalism there is little distinction between personal and private property." (http://en.wikipedia.org/wiki/Private_property#Personal_property_versus_the_means_of_production)